Amerisafe (AMSF) Rating Lowered to C+ at TheStreet

TheStreet cut shares of Amerisafe (NASDAQ:AMSF) from a b rating to a c+ rating in a research report report published on Thursday.

AMSF has been the topic of a number of other reports. BidaskClub cut Amerisafe from a buy rating to a hold rating in a research note on Wednesday, January 10th. Boenning Scattergood restated a hold rating on shares of Amerisafe in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Amerisafe from a hold rating to a strong sell rating in a research note on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Amerisafe from a hold rating to a buy rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $66.00.

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Shares of Amerisafe stock opened at $52.70 on Thursday. The stock has a market capitalization of $1,037.35, a price-to-earnings ratio of 21.96 and a beta of 0.86. Amerisafe has a one year low of $51.20 and a one year high of $67.82.

Amerisafe (NASDAQ:AMSF) last posted its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.13). The company had revenue of $94.94 million during the quarter, compared to the consensus estimate of $92.71 million. Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 earnings per share. sell-side analysts expect that Amerisafe will post 3.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a dividend of $0.22 per share. This is a boost from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Thursday, March 8th. Amerisafe’s payout ratio is currently 36.67%.

In related news, EVP Kathryn Housh Shirley sold 691 shares of Amerisafe stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.52, for a total transaction of $38,364.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO G. Janelle Frost sold 7,500 shares of Amerisafe stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.53, for a total transaction of $416,475.00. Following the sale, the chief executive officer now owns 69,322 shares in the company, valued at $3,849,450.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,432 shares of company stock worth $578,872. Company insiders own 2.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Amerisafe by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,372,325 shares of the insurance provider’s stock worth $146,135,000 after acquiring an additional 40,617 shares during the period. Neuberger Berman Group LLC grew its holdings in Amerisafe by 7.6% during the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock worth $76,397,000 after acquiring an additional 92,819 shares during the period. Victory Capital Management Inc. grew its holdings in Amerisafe by 640.6% during the fourth quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock worth $46,620,000 after acquiring an additional 654,632 shares during the period. Goldman Sachs Group Inc. grew its holdings in Amerisafe by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,865 shares of the insurance provider’s stock worth $37,937,000 after acquiring an additional 22,694 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Amerisafe by 6.2% during the fourth quarter. Schroder Investment Management Group now owns 401,385 shares of the insurance provider’s stock worth $24,725,000 after acquiring an additional 23,567 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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